The public issue of Karda Constructions Limited is coming soon to get list on both of the Exchange i.e. Bombay Stock Exchange and National Stock Exchange. Investors can retrieve all relevant information about Karda Constructions ipo such as ipo dates, Price Band, Company Profile, Allotment Status, Listing Dates, subscription details, application form etc. The firm has drafted a Red Herring Prospectus and got approval for the same from the Regulatory firm Securities Board of India. Karda Constructions IPO is scheduled for March 16, 2018 with a price band of Rs. 175-Rs. 180 per equity share. The lot size of applying Karda Constructions IPO is for 80 shares. One can apply via ASBA to avail the benefit of listing this IPO. The maximum application of amount for retail investor stood at Rs. 2 lacs.

Company profile:-

Karda Constructions Ltd. was incorporated on September 17, 2007 at Nasik India. This company is engaged into construction business. Initially, it was working on developing affordable housing in the residential segment further it started to work on commercial segment as well. The firm constructs and sells residential and residential-cum-office projects in Nashik, India. It has 11 Ongoing and 3 Planned projects where total carpet area of approximately 17,13,725 square feet will be offered. Completed and ongoing projects are located in Nasik. “Hari Vishwa”, “Hari Sanskruti” “Hari Amrut” are some of projects name of the firm.

Positive Outlook of the Firm:-

Strong presence in Nashik;

Reputed brand image;

Its proven execution capabilities;

Strong project pipeline providing cash flow visibility;

Capable to identify new projects and executes its successfully.

Objects Of The Issue:-

Below mentioned are the purpose of the issue-

Part repayment of overdraft facilities and term loans;

For general corporate purpose;

Expenses as related to the issue.

Summary Of Issue:

Issue Open:-

March 16, 2018 – March 21, 2018

Issue Type

100% Book Built Issue IPO

Issue Size (Value)

4,300,000 Equity Shares of Rs 10 aggregating up to Rs 77.40 Cr

Face Value

Rs. 10 Per Equity Share

Issue Price

Rs. [ Rs.175 – Rs.180] Per Equity Share

Market lots

80 Shares

Minimum Order Quantity

80 Shares

Listing At

BSE, NSE

(*) indicates to be updated

Karda Constructions IPO Subscription Details

Sr.No.

Category

No. of shares offered/reserved

No. of shares bid for

No. of times of total meant for the category

1

Qualified Institutional Buyers (QIBs)

430000

666800

1.55

2

Non Institutional Investors (NIIs)

1720000

5913920

3.44

3

Retail Individual Investors (RIIs)

2150000

4327840

2.01

Total

4300000

10908560

2.54

Updated as on 21st Mar 2018 at 05:00 p.m

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Important dates for Karda Constructions IPO Allotment Status

The Allotment date for Karda Constructions IPO issue is expected on March 26, 2018

The amount will get unblocked on March 26, 2018

The Shares are expected to credit in DP accounts on March 27, 2018

The Shares of Karda Constructions Limited is likely to get listed on March 28, 2018 on both BSE and NSE.

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Karda Constructions IPO Allotment Status

One can check the allotment on the given below link with PAN number or Application number or DP Client Id. All you need to do is to follow these steps:-

To Check Your IPO Allotment Status

Go to Application Status

Select IPO as Karda Constructions IPO

Enter your PAN Number or Application Id or DP Client Id.

It takes little time to fetch information so you need to be little patient.